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20121129
20121207
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CSPAN 15
CSPAN2 1
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English 16
Search Results 0 to 15 of about 16 (some duplicates have been removed)
CSPAN
Nov 30, 2012 9:00am EST
street greed in the form of a $6 trillion housing bubble. this brought large budget deficits. some at the center of the housing crash are pushing to deep cuts to social programs to cure the budget deficit. the c.e.o. of goldman sachs, who received a $10 billion direct bailout at below market interest rates have preached about decreasing social security benefits and increasing the retirement age. main street americans have lost more than 40% of their wealth from 2007 to 2010. nearly one in six u.s. residents is officially poor, the highest rate in 50 years. 22% of american children live in poverty. we're facing an economic situation that resembles the years leading up to the great depression. now, this prevailing budget plan calls for deep cuts, environmental protection, social security, medicare, medicaid. well, corporations and the top 1% get tax cuts of nearly $3 trillion over the next decade. this is not how you protect a democracy. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas seek recognition? mr. poe: i ask unanimous
CSPAN
Dec 6, 2012 5:00pm EST
republican members of the house and the senate speak out on the need or a deficit approach that includes raising taxes on wealthy individuals and to moving right away to ensure that 98% of families do not race a tax increase. we need to look -- do not face a tax increase. we need to look at history. what we saw in the 1990s and 2000s, there was no relationship between lower marginal tax rates for the wealthiest among us an economic growth. first during the clinton administration, the top marginal tax rate was raised on the wealthiest individuals and the economy grew at its fastest rate in a generation. it added more than 22 million jobs. during the following eight years, the top marginal rate dax tax rate was lower, but economy never regained its strength from the reviews decade. middle-class families are vulnerable when the recession began at the end of 2007. i hope this hearing is helpful not just in this hearing, but across this country to people who are watching and waiting for congress to act. i will say more at the end about some of our members who are leaving. it is -- it has been
CSPAN
Dec 5, 2012 1:00pm EST
the president called his deficit reduction commission to give the president and -- an idea what we could do to get our fiscal house in order. i want to show in you this chart, mr. speaker, it's the chronic deficits we have had in this country, goes back to 1970. all this red ink represents the inflation adjusted, 2012 dollars, comparing apples to apples across this chart, the deficit that is we have had in this country, and you see going back to 197 o 0, mr. speaker, which happens to be the year of my birth, we have run a deficit every single year from 199 . you remember 1998 we had newt gingrich leading the first republican u.s. house of representatives in modern times. bill clinton in the white house. they came together to solve some big problems. welfare reform, health insurance reform. folks forget about health insurance reform. we did away with pre-existing conditions. did away with all of the impediments in the large group markets, what they call the plans, had great success in that area, and finally got back into some positive territory. to be truthful, this assumes that all the fede
CSPAN
Dec 3, 2012 5:00pm EST
this morning. you made a comment that you did not believe anybody was interested in solving this deficit problem. that about knocked me out of my chair. i need you to explain to me and the rest of the people watching why you said that anthony g. to -- and i need you to expound on that. i will take my answer off the air. please ask mr. reid to not to be such an obstructionist and sit down and listen. have a great day. guest: imitate a few days for that message out to get through from me. there's a lot of concern about budget deficits. in the period after the downturn, budget deficits for in a range of 10% of the entire gdp, the entire economic output of the u.s. they have come down a little bit. economists think to be sustainable, budget deficits have to be in the range of 3% of economic output or a lower. the focus of this effort to reduce deficits now is on getting them, in the federal budget deficit to the range of 3% or so. that is what i mean when i say policymakers are not trying to get rid of the budget deficits. given the economic weakness, a little bit of deficit spending is pro
CSPAN
Nov 30, 2012 7:00pm EST
be appreciated for that. it did put us on a path to getting our deficit in order. people have talked about the need for leadership. i think that the surprise of newt gingrich and his departure in the circumstance, where the administration had passed the majority of his party and the majority of the democrats get together and do this, everyone knows about this. it was clearly putting a personal agenda ahead of a governmental one at that point. my lesson is to be alert and keep your eyes open. third, i would say something you were expecting is not happening. what happened to us was the effect on the budget -- it was that the energy crisis spike. we have spent a lot of time working on energy taxes or the alternative of energy taxes. .. >> debt is higher now than since world war, and 90% of the debt was owned to the americans, and the reason that the pressures don't seem as real as they are, and here, i want to be clear that the pressures are not next year and the year after. the pressures are between now and 2020 or even later is that europe has been in such a bad shape. that is, when you tie
CSPAN
Dec 4, 2012 1:00pm EST
repeatedly said and our caucus again just confirmed that job creation equals deficit reduction, and we must put the country back to work. we have proposals that are on the floor. we still believe that even with the -- what little time remains and what little time remains when we're actually working, this is still possible. this is still doable. this is not a democrat or republican issue. republicans believe that america needs to go back to work. it's just a matter of having the will to do it, the programs are out there. compromise can be made around the streamlining of regulations to make sure that we are putting people back to work. if chris christy and barack obama can get -- chris cristie and barack obama can get together on that, and i know what's transpired and how the impact of our infrastructure has taken place along the eastern seaboard, it's something we ought to be able to rally around immediately. and of course everyone, everyone deserves a $250,000 tax break. we all agree on that. so why not just simply adopt it and then come back and we'll have time to address the issues as it
CSPAN
Dec 4, 2012 10:00am EST
. not a driver of the deficit but, hey, cut that. one more specific. preserve the bush-era tax rates for income over $250,000. it's not a tax increase for everybody who earns over $250,000. it's only the income over $250,000 that would get additional taxes if the bush-era rates went away and the president's proposal was passed. but, no, they want to preserve -- totally preserve tax cuts for income over $250,000. they want to preserve the reduced capital gains rate and dividends rate which principally who ben pets, who else, millionaires and billionaires. now -- benefits, who else, millionaires and billionaires. they did have the jay wellington wimpy plan. you remember him? popeye. i will pay you for a hamburger today. unspecified tax loopholes. we will lower the tax rates for the people on the top. but they'll raise over $800 billion. the ability to deduct the interest on their home mortgage, do they want to take that away? probably. got to come from something pretty big. they don't want to touch the billionaire, millionaire job creator class. now, you know, that's a pretty interesting position
CSPAN
Dec 3, 2012 2:55pm EST
if you'd done been the biggest tax loopholes. they don't come close to fulfilling the deficit. how significant are these deductions when we look at their role in the big picture of solving the fiscal clef? >> they can be important, the goal is not to get rid of the budget deficit. i don't think anybody has a realistic hope of getting rid of the budget deficit and a lot of people don't want to get rid of the budget deficit. certainly, opinions differ. they can be a managing part of the deficit. >> do they play a role in negotiations and talks? there is a group advocating for every one of these deductions that people are used to getting. could they end up on the chopping block? >> definitely. >> there is also a link to see more at our website for the gop proposal. we are going live to the house. a requirement that financial restitution set of privacy notices. for what purpose does the gentlewoman rise? >> i move to suspend the rules and pass the bill h.r. 5817. the speaker pro tempore: the clerk will report the title of the bill. caller: h.r. 5817, to provide an exception to the annu
CSPAN
Dec 5, 2012 5:00pm EST
executives today in washington. he talked about negotiations with congressional republicans on deficit reduction and the so-called fiscal cliff. >> the holdup right now is that speaker boehner took a position -- i think the day after the campaign -- that said we're willing to bring in revenue, but we aren't willing to increase rates. and i just explained to you why we don't think that works. we're not trying to -- we're not insisting on rates just out of spite or any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. now we have seen some movement over the last several days among some republicans. i think there's a recognition that maybe they can accept some rate increases as long as it's combined with serious entitlement reform and additional spending cuts. and if we can get the leadership on the republican side to take that framework, to acknowledge that reality. then the numbers actually aren't that far apart. another way of putting this is, we can probably solve this in about a week. it's not that tough. but we need that breakthrough that s
CSPAN
Nov 29, 2012 1:00pm EST
prosperity for america, helps reduce our budget deficit, is humane, is enforceable, no one said it would be easy but that's what the people send us hoar to do and regardless of the outcome of this particular bill, we are simply taking another week in avoiding addressing the real issues of the imdepration crisis in this country. i encourage my colleagues to vote against the rule which was a closed process and doesn't allow for consideration of even noncontroversial amendments such as my ev-5 amendment. and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from florida. mr. nugent: mr. speaker, and to my good friend from colorado, we agree on so many issues. particularly as it relates to immigration reform. we agree. i think this is the first step in regards to where we need to go. you have sold a very persuasive argument in regards to why it is so important so important that we have a stem vee is program. -- visa program. while it's important to us to keep that brainpower we educated in the united states, keep them here in this country
CSPAN
Nov 29, 2012 10:00am EST
spending her hard-earned tax dollars like water, running trillion-dollar deficits year after year. she's angry and she has every right to be angry. so what are we going to do about it? lately we've heard a lot of talk about raising revenues, but not nearly enough talk about bringing the federal government down to the right size, about matching spending to the resources we have, about balancing the federal budget. oh, we hear about a balanced approach, but that's just a way of saying we need to increase taxes. actually, we don't need to increase taxes. the best thing we could do would be to not increase taxes. the best thing we can do is to raise revenues by making our economy as healthy and strong as it can be. that means we need to help our businesses grow and hire. that's become way too hard to do in the past couple of years. a businessman in duchess county, new york, said he's going to have to limit the number of employees he has to less than 50 so he won't be subject to penalties under the 2010 health law. so right now the federal government is keeping him from offering jobs. that
CSPAN
Dec 6, 2012 10:00am EST
. guest: this is a time when people in congress are talking more seriously about reducing the deficit, getting rid of fraud as the caller was talking about. than many times in the past. now, whether they can follow through on that goal is a question. but i would sort of advise the caller to keep paying attention and see whether maybe something that he would like comes out of this. host: you've been write being taxes for five years. you've been in washington now for five years, is that -- ok. so you've heard discussions about deficit reduction over the years and tax policy. guest: yeah. host: we always seem to focus on the out years. when it comes to a lot of these issues. do the out years ever come about or does policy get changed before any real cuts are made? guest: so that they are pushing -- they're delaying the pain is what you're saying and they'll come back and -- yeah. that has occurred, the very famous one is the doc fix. i'm sure you're familiar with. they back in the 1990's reduced payments to doctors through medicare and then decided that wasn't such a good idea after doct
CSPAN
Nov 29, 2012 5:00pm EST
in the u.s. senate to pass important legislation, including the grand rudman deficit law. those issues remain important today. he did not aspire to be a politician. he did not have to like one. he cared deeply. we know he cared deeply about our country and devoted himself because he had a calling to shape and preserve our country's future. he believed deeply in the rule of law and used the force of his intellect to defend it. one of the things that is most telling about warren rudman is the statement that represents what he was all about. he once said -- i consider myself an american first and a republican second, fiercely independent, and totally committed to the common good. he had the carriage of his convictions and stood for what he believed in. in bidding farewell to to the senate in 1992, he expressed gratitude for the opportunity to serve in the senate which talented colleagues. many are here today to speak about their experiences with him. he expressed his hopes for the future of the senate, saying it is a special place with special people. i hope in the coming years that the i
CSPAN
Dec 5, 2012 10:00am EST
our deficit situation as the economy grows. without raising any taxes. but the fact of the matter is i know the gentleman has historically not felt tax cuts should be paid for either by reducing it or offsetting. the president doesn't agree with the $800 billion because he doesn't think the math works. i share the president's view. the math doesn't work. the most useful effort will be if we all agree on the onive -- objective, whether it's $4 trillion, whether it's 70% debt to g.d.p. ratio which most economists or a little less than that is sustainable or is on a sustainable path. if we all agree with the objective and then, mr. majority leader, simply make the math work to get there on a way that we could agree on, i think america would be advantaged, the economy would be advantaged and we'd see a renaissance of job creation in this country as we did in the 2000's. and i'll be glad to yield to my friend. mr. cantor: i accept the gentleman's good intentions. i know he doesn't think that we ought to be imposing additional obligations on the american people to pay more of their money int
CSPAN
Dec 6, 2012 1:00pm EST
a significant trade deficit. the value of their oil imports are greater than their exports to iran. this provision should lock up a substantial portion of iran's earnings from its oil sales in each of these countries. as for the financial executions will longer be able to transfer iran's oil earnings beyond their countries borders without fear of losing their access to the u.s. financial system, iran will be severely limited in its ability to transfer funds across jurisdictions. oil revenues will largely be shackled with a given country, and only usable to purchase goods from that country. as you might imagine, we have been hitting the road, making sure that our partners in the international financial community understand the significance of this provision. perhaps the greatest endorsement of our efforts has come from the iranian president himself. speaking in october, ahmadinejad said, "the enemy has announced it has introduced sanctions on the purchase of iran from iraq. even worse, it has imposed banking sanctions, meaning of some oil is sold, its revenues are not transferable t
Search Results 0 to 15 of about 16 (some duplicates have been removed)